Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Chief Macro Strategist
Summary: Equities are slightly off following yesterday's strong move higher driven by good news on the Omicron variant, Biden's confident remarks on making a deal with US Senator Joe Manchin, and then topped up overnight in China with Hang Seng equities pushing higher on strong remarks on stimulus towards the real estate sector from a local government; the comments were later pulled back. The positive sentiment is feeding into higher US interest rates, a stronger USD against most currencies and especially the JPY, with gold moving lower. We also talk about today's macro releases and two acquisition news impacting Maersk, LF Logistics, Aker BP and Lundin Energy. Today's pod features Peter Garnry on "everything".
Listen to today’s podcast and have a look at today’s slide deck.
Follow Saxo Market Call on your favorite podcast app: